More and more employers offer corporate benefits to their employees. However, there are still many companies that do not use an employee benefit portal. These companies could actually be limiting the success of the benefit schemes that they run by not having this portal. If you are considering offering employee benefits to your staff members then you need to know about why you should have an employee benefit portal. myloweslife
What is an Employee Benefit Portal?
Before getting anything for your business you need to understand what it is. An employee benefit portal is a system or service that employees are able to log into and receive information about the benefits that you offer. These systems vary in the amount of information they provide and what your employees can do. However, most portals will allow your employees to see the schemes that are on offer, opt into the ones they want and see what their standing is with the schemes.
Where You Get These Portals?
If the employee portal sounds like a good idea for your business then you need to consider where you can get one. There are a number of companies that actually offer employee portals which you can use. The company will set up the portal and upload all of your benefit schemes onto it for you. Many of these companies have web-based systems that allow your employees to easily log into them from any computer.
The Benefits of Portals
There are a number of benefits that you as the employer actually obtain when you use an employee benefit portal. The first benefit is that it increases communication about the benefit schemes that you run. If you do not have a portal you will need to tell all of your employees about the schemes that you have. While this can be done in an email people are likely to forget what schemes are on offer and this limits the success that the scheme has.
Another benefit is that you can reduce administration costs for the schemes. There are many employee portal companies that not only host the portal, but will also look after the administration of the benefit schemes. This means that the HR department, who traditionally deals with this, will be free to continue other work. If you do not want to hand over control to the portal company then you should note that many of them allow you to log into the system as an administrator to complete everything that needs to be done.
The last benefit that you should consider is that the portal allows your employees the chance to administer their benefits on their own. This increases the power they have over the benefits and could mean that they are more likely to opt into one of the schemes that you have. By not forcing the schemes on the employees you are likely to see more success with them.